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Aug 20, 2013
08/13
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that's the state of welfare in america. a program started as a temporary lift for those in need, now increasingly enriching, intoxicating benefits that it is hard to leave, and who can blame them. again, i think most on welfare do want to work, but the government provides so many incentives for them not to work. they're frustrated, but that doesn't make them lazy. what it makes them are pawns in government society that has no interest in letting them go, clutching the apron strings. there's something wrong with society that places more emphasis on benefits than it does on jobs. obviously when times are tough, it is understandable. without a limit, it is abuse is also understandable. that's what that gets you. government more focused to use a line to get them to fish than teaching them how to fish. then asking corporate america to up the paycheck to make the math more compelling. i think it is backwards. it is up to the government quit making staying home rewarded. many are protesting not over finding jobs but securing
that's the state of welfare in america. a program started as a temporary lift for those in need, now increasingly enriching, intoxicating benefits that it is hard to leave, and who can blame them. again, i think most on welfare do want to work, but the government provides so many incentives for them not to work. they're frustrated, but that doesn't make them lazy. what it makes them are pawns in government society that has no interest in letting them go, clutching the apron strings. there's...
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103
Aug 1, 2013
08/13
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FOXNEWSW
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there's no enter prize in america that can do well,. >> neil: where is the money going to come from? >> we bailed out the banks. and those folks are doing better now than they've ever been. >> neil: bailed out the auto company. >> we gave them a bridge loan. so there has to be in combination of assistance to detroit. a restructuring of the debt, negotiations -- >> neil: if you have abruption filing and go through the orderly procedures of a bankruptcy filing -- i agree, sometimes life is unfair, as john f. kennedy often said, but the fact of the matter is you have pensions that were never able to be paid for -- >> and $19,000 a year pension? >> you know the $18 billion and the accrued costs and now you're quite rightfully annoyed. mat or their government officials and union leader -- >> they're not annoyed. they're in danger of losing everything they happen. >> almost all the big companies that went bust because of similar obligations they couldn't pay. this is the wow life goes. i guess i ask you now, if the got doesn't come in what it wrong with a bankruptcy procedure where at leas
there's no enter prize in america that can do well,. >> neil: where is the money going to come from? >> we bailed out the banks. and those folks are doing better now than they've ever been. >> neil: bailed out the auto company. >> we gave them a bridge loan. so there has to be in combination of assistance to detroit. a restructuring of the debt, negotiations -- >> neil: if you have abruption filing and go through the orderly procedures of a bankruptcy filing -- i...
89
89
Aug 2, 2013
08/13
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FOXNEWSW
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got toret, a mid-level goldman sachs -- putting back -- >> neil: they're expanding this to bank of america. what are they waiting for? >> the statute of limitation is coming down. they're not going after the individual -- >> neil: anyone going after the government, the people who came up with the community reinvest investment act and taking housing from being a goal to -- >> that was two books ago. what made wall street take so much risk and maybe -- and then maybe there was crimes in how they disclosed that risk. it was really government. government provided the underpinnings for the financial crisis. we should -- >> neil: the government wanted more folks to get homes. >> what was wall street really chasing when it was trying to put together all these bonds that were packed with mortgagages? they were chasing the money being made by fannie and freddie, which were quasi-government institutions, which by the way can operate and finance those sleazy securities they were putting together as very cheaply because they can borrow like the federal government. >> neil: looking into the fact the go
got toret, a mid-level goldman sachs -- putting back -- >> neil: they're expanding this to bank of america. what are they waiting for? >> the statute of limitation is coming down. they're not going after the individual -- >> neil: anyone going after the government, the people who came up with the community reinvest investment act and taking housing from being a goal to -- >> that was two books ago. what made wall street take so much risk and maybe -- and then maybe there...
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105
Aug 22, 2013
08/13
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eye 105
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now we have to take the truth to the communities, to the neighborhoods of america. >> you know, senator, as we approach the 50th anniversary of martin luther king's speech, before the lincoln memorial, al sharpton, among others, leading a rally of his own, arguing the government has to do more. what do you think of that. >> i think that jobs and education are the two pillars of the american dream. if we are going to do more about jobs and education, that's fine. but to give more to the tragedy, the recent tragedy, that's a perfect example of what happens when government gives everyone their food, their housing, their clothing. they have nothing to do. they just sit around, play some violent video games and then go out and kill people. i mean, it's a tragedy. and it is a tragedy that is predictable when you do everything for people, when they have nothing to do for themselves. they don't have to pick up a fork or a knife even. >> you do have an uphill battle ahead of you. i think you're more than up for that challenge. senator, always a pleasure. thank you, sir. >> thank you. >>> you kno
now we have to take the truth to the communities, to the neighborhoods of america. >> you know, senator, as we approach the 50th anniversary of martin luther king's speech, before the lincoln memorial, al sharpton, among others, leading a rally of his own, arguing the government has to do more. what do you think of that. >> i think that jobs and education are the two pillars of the american dream. if we are going to do more about jobs and education, that's fine. but to give more to...
137
137
Aug 23, 2013
08/13
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look, two years ago this month we celebrated the downgrading of america's debt through s&p because of the bad budget deal that we cut by raising the debt ceiling and not having appropriate spending cuts to go along with it. you remember the supercommittee and they didn't come up with the cuts and then the sequester. s&p has now been joined by moody's and fitch saying, look, if we can't see a credible plan to reduce these deficits, then we're going to have no choice but to downgrade you. we went from aaa to aa-plus, neil. >> craig, i don't think that bothers -- i really don't think it bothers them because the stigma ended when the scarlet letter was removed. in other words, and the jinx was up. s&p said, look, you're no longer aaa. people realize after that, all right, we're no longer aaa. what's bad about that is we sort of set our aspirations lower and we sort of acted that way. >> well, maybe so, but perception, you know, may sometimes be stronger than reality. but ultimately reality kicks in. look, we've already seen the treasury bills up -- or the 10-year note up a full percent. t
look, two years ago this month we celebrated the downgrading of america's debt through s&p because of the bad budget deal that we cut by raising the debt ceiling and not having appropriate spending cuts to go along with it. you remember the supercommittee and they didn't come up with the cuts and then the sequester. s&p has now been joined by moody's and fitch saying, look, if we can't see a credible plan to reduce these deficits, then we're going to have no choice but to downgrade you....